13-01-2020 15:37
Issuing of bonds by the Republic of Cyprus
The Republic of Cyprus, rated BBB-(stable) by Standard and Poor's, Ba2 (positive) by Moody's, BBB-(positive) by Fitch and BBBL (positive) by DBRS, has mandated GOLDMAN SACHS, BANK OF AMERICA, CITI and HSBC to lead manage a EUR-denominated dual-tranche RegS, CACs benchmark (registered form). The deal comprises a EUR benchmark January 2030 fixed rate tranche and a EUR benchmark January 2040 fixed rate tranche, listing London, Denoms 1k+1k, English Law.
The issue is expected to be launched in the near future subject to market conditions. FCA/ICMA stabilisation applies.
(EK/II)
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